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RoK company joins social housing market

May 9th at 16:22
09-05-2014 16:22:10+07:00

RoK company joins social housing market

The Republic of Korea’s National Housing Organisation (NHO) announced on May 8 that it will carry out 14 housing projects for low-income earners in Vietnam with a total cost of VND20.6 trillion.

 

As many as 25,000 flats will be constructed to benefit low-income earners in HCM City, Hanoi, Danang, Binh Duong, Quang Ngai and An Giang.

The biggest project will be an integrated urban area in HCM City’s Binh Chanh district, sitting on 79ha of land, or about one third of the total land fund allotted for the company.

NHO Chairman Lawrence Tham confirmed that NHO will market 100,000 flats in the next 10 years as committed to the Ministry of Construction.

He revealed the company will offer its property products at a reasonable price of around VND9 million/m2 on average.

vir

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